News for the baking industry
Oak Brook / IL. (thf) TreeHouse Foods announced its intention to close two manufacturing plants in Azusa, California and Ripon, Wisconsin. The decision follows an analysis of the Company’s plant network to align operations with the current and future needs of its customers and eliminate…
Madrid / ES. (tp) Telepizza, the leading home-delivery pizza company in Spain, recorded significant growth in its key figures in the first quarter of 2016. The Company increased its Ebitda by 15.8 percent in the period to reach 18.9 million EUR, driven by the growth of its chain sales (+5.2…
Paarl / ZA. (pf) South African Pioneer Foods Pioneer Foods delivered positive results for the six months ended 31 March 2016. An improved portfolio mix and margin expansion in Groceries, resilient Power Brands and well managed costs contributed to the overall financial outcome in…
Johannesburg / ZA. (tbl) In spite of the sustained difficult operating environment, Tiger Brands Limited, the manufacturer of leading consumer branded products in South Africa, is pleased to note that results for the half-year to March 2016 were encouraging, says Group CEO Lawrence…
Omaha / NE. (caf) ConAgra Foods Inc., one of North America’s leading food companies, announced it has entered into a definitive agreement to sell its Spicetec Flavors + Seasonings business to Givaudan for approximately 340 million USD. Sean Connolly, president and chief executive officer…
Madrid / ES. (tp) Spanish Telepizza, the largest non-U.S.-based pizza delivery company in the world by number of stores, is pleased to announce its first master franchisee partnership with Karali Ventures Limited in the UK, which will be opening 80 new stores within in the next ten years…
Groot Drakenstein / ZA. (rfg) Rhodes Food Group Holdings reported a strong trading and financial performance for the six months to March 2016 and increased diluted headline earnings per share by 87.2 percent to 48.1 cents. Turnover increased by 54 percent to 2 billion ZAR with profit after…
Mumbai / IN. (bil) Britannia Industries Limited (BIL), India’s leading food company, in February reported Consolidated revenue growth of 10 percent in Q3 and 12 percent for the nine months at 2’224 INR crores and 6’417 INR crores respectively. Consolidated Profit from operations…
Omaha / NE. (caf) ConAgra Foods Inc. announced that its executive vice president and chief financial officer, John Gehring, will retire after 14 years of service with the company. Gehring will remain in his current role until a successor has been named and will assist with an orderly…
Camden / NJ. (csc) Campbell Soup Company reported its third-quarter results for fiscal 2016. As reported sales and organic sales decreased 2 percent. As reported earnings before interest and taxes (Ebit) decreased 6 percent, as reported Earnings per share (EPS) of 0.59 USD increased…
